The Pentagon said on Wednesday it would send an additional $1.1 billion in long-term military aid to Ukraine, including 18 High Mobility Artillery Rocket System launchers, or HIMARS, one of Continue Reading
n a sign that the United States and its allies believe that the fighting in Ukraine will last years, military officials from more than 40 countries gathered at NATO’s headquarters Continue Reading
Food inflation has soared to the highest rate ever recorded. Fresh food swelled to 12%, while the price of animal feed and fertilizer climbed even higher. Shoppers are expected to Continue Reading
Sweden’s coastguard said on Thursday it had discovered a fourth gas leak on the damaged Nord Stream pipelines earlier this week, after ruptures first reported on Monday sent gas spewing Continue Reading
UK retailers are facing a “mortgage time bomb,” with rising interest rates set to have twice the impact on consumer finances as the recent surge in utility bills, according to Continue Reading
A new forecast by Germany’s leading economic institutes predicts the eurozone’s largest economy will slip into recession next year, triggered largely by a “drastic” increase in energy costs caused by Continue Reading
Russia’s Vladimir Putin will hold a signing ceremony on Friday formally annexing four more areas of Ukraine after conducting self-styled referendums condemned by Ukraine and the West as a sham. Continue Reading
Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian. Brent crude futures Continue Reading
Oil rallied after a report that Russia will advocate for OPEC+ nations to cut production, heightening supply concerns as deadlines to implement Russian fuel bans approach. West Texas Intermediate rose Continue Reading
Oil rose more than 1% on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and a Continue Reading
The American Petroleum Institute (API) reported a build this week for crude oil of 4.150 million barrels, while analysts predicted a build of 333,000 barrels. According to API data, U.S. Continue Reading
Goldman Sachs cut its oil price forecast on Tuesday on the deteriorating global economic outlook—although it remained bullish on oil. Goldman said it remained bullish, anticipating that oil prices would Continue Reading
The 700-meter wide pool of bubbling water in the Baltic Sea caused by the rupture of the Nord Stream gas pipelines points to a climate disaster. It’s the most visible Continue Reading
Iran fast-tracks development of two West-Karoun oil fields with $7 billion plan. The Azadegan fields are shared with Iraq in which it forms the supergiant Majnoon field. Russian oil firms Continue Reading
Highlights To add 4,365 MW of coal-fired capacity in coming months Share of coal in electricity to double to 17%, thermal imports jump Gas supply may be diverted to industrial Continue Reading
A labourer works inside a coal yard on the outskirts of Ahmedabad, India, April 6, 2017. REUTERS/Amit Dave LONDON, Sept 28 (Reuters) – India’s electricity supply appears much more comfortable Continue Reading
The onshore yuan fell to the weakest level against the dollar since the global financial crisis in 2008, amid an incessant advance in the greenback and speculation China is toning Continue Reading
BEIJING—Chinese leader Xi Jinping got out of quarantine and made his first public appearance since visiting Central Asia, trumpeting his governance record over the past decade as he prepares to Continue Reading
China’s weak oil demand was one of the few bearish developments in oil markets in the last year, but it appears that is about to come to an end. China Continue Reading
Watch: Lightning strikes surround the eye of Hurricane Ian Cuba is completely without power after Hurricane Ian pummelled the western end of the island, its government has announced. The electrical Continue Reading
New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment despite higher interest rates, which could keep the economy Continue Reading
About 11% of oil production in the U.S. Gulf of Mexico was shut on Tuesday as a powerful Hurricane Ian forced oil companies to evacuate workers and the storm took Continue Reading
Hurricane Ian is poised to strike at the nation’s production of phosphate fertilizer, threatening supply as the cost of growing food in the US rises by the most ever. Florida Continue Reading
Hurricane Ian Could Cause Billions in Damage in Florida Hurricane Ian is bearing down on Florida, threatening to further destabilize a homeowners-insurance market already teetering on the edge of disaster. Continue Reading
Pump Jacks extract crude oil in Midland, Texas. Photographer: Angus Mordant/Bloomberg The US is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF Continue Reading
The climate bill recently passed by the Senate could knock thousands of dollars off the sticker price of electric vehicles, but it’s also redefining which cars are eligible. WSJ’s George Continue Reading
Engineers at Rice University have solved a long-standing conundrum in making stable, efficient solar panels out of halide perovskites. Chemical and biomolecular engineer Aditya Mohite says the new approach is Continue Reading
Ongoing supply chain woes could push oil prices back to $100 per barrel. Analysts estimate gasoline prices could return to $5 per gallon. Biden’s ability to continue pouring oil onto Continue Reading
SINGAPORE/LONDON, Sept 28 (Reuters) – Nervous financial markets propelled the safe-haven dollar to a two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling drifted lower Continue Reading
The government is pressing to complete new rules on tax breaks for electric-vehicle purchases by an end-of-year deadline as auto companies seek guidelines that help qualify as many vehicles as Continue Reading
A few years ago, associated gas was seen as a wasteful byproduct of oil drilling. High natural gas prices have incentivized shale drillers in the U.S. to change from oil Continue Reading
Europe Has to Pray for a Warm Winter: Blanch Europe’s frenzied buying of liquefied natural gas means it’s likely to have enough of the power-generation fuel this winter to offset Continue Reading
WASHINGTON, Sept 27 (Reuters) – The International Monetary Fund on Tuesday took aim at new British financial plans that have roiled markets, warning that “large and untargeted fiscal packages” would Continue Reading
European Commission chief Ursula von der Leyen on Tuesday said the leaks of the Nord Stream pipelines were caused by sabotage, and warned of the “strongest possible response” should active Continue Reading
Vitol: The re-routing of Russian crude from West to East would put a strain on the shipping sector. Vitol: Traders will face challenges in finding Aframaxes to load oil from Continue Reading
Strikes at several refineries across France have left half of its refineries offline or without sending out fuels, as refinery workers stepped up industrial actions over pay disputes this week Continue Reading
According to Ofgem, three UK energy firms have severe weaknesses in how they support customers in payment difficulties. The regulator has demanded Scottish Power, Tru Energy and Utilita improve their Continue Reading
Foreign aircraft will drop out of fleet – Rostec Airbus, Boeing planes will never be delivered – Rostec Russian-made engines, parts to be used – Rostec No expectation sanctions will Continue Reading
A vessel leaves the Orlan oil plattform at Sakhalin-1’s off-shore rig at the Chaivo field, some 11 km (7 miles) off the east cost of Sakhalin island October 10, 2006. Continue Reading
Prime Minister Liz Truss of Britain campaigned as a tax cutter and champion of supply-side economics, and she won the race to replace her scandal-scarred predecessor, Boris Johnson. Now she Continue Reading
The Baltic Pipe natural gas pipeline from Norway to Poland via Denmark and the Baltic Sea was inaugurated on Tuesday by the leaders of the three countries, who hailed the Continue Reading
Oil rose more than 1% on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and a Continue Reading
Crude has fallen below $80 on recession fears. Some large investment banks including JPMorgan and Goldman Sachs remain highly bullish on crude. Aramco CEO Nasser: the oil market is not Continue Reading
Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration LONDON, Sept 26 (Reuters) – Oil prices fell for a Continue Reading
Unused capacity in global oil production has fallen to exceptionally low levels, contributing to the intense upward pressure on prices until very recently. Restoring spare capacity to more comfortable levels Continue Reading
Russia’s invasion of Ukraine has brought the largest war to Europe in decades, sparked global food and energy crises, worsened inflation — and distracted leaders from the big climate promises Continue Reading
Nuclear energy is finally gaining some political momentum. While the amount of nuclear waste generated from energy operations is fairly small, many communities shun the idea of storing it themselves. Continue Reading
Israel and Lebanon have been at war since 1948, but the countries are close to an agreement that could increase production of natural gas, helping energy-starved Europe. Officials from the Continue Reading
Nigeria’s national electricity grid collapsed on Monday leaving many parts of the country without power, electricity distribution companies said. The grid has collapsed at least four times this year, which Continue Reading
A three-day military conflict between Krygyzstan and Tajikistan left more than 110 dead in mid-September. The conflict hints at a worrisome trend of military standoffs that could threaten peace and Continue Reading
